- SUPER has surged 80% and is forming an ascending triangle near the $0.8397 resistance level.
- The chart indicates a potential 31.71% breakout if resistance is breached with volume.
- Current support stands at $0.7581, keeping the structure intact with higher lows forming consistently.
The digital asset SUPER has recently captured attention with its sharp upward movement and notable chart formation. Currently priced at $0.8328, SUPER has surged by 6.5% in the past 24 hours. The asset has also delivered an overall 80% gain from previous levels. More importantly, the price now approaches a well-defined resistance zone at $0.8397. On the other hand, support remains established at $0.7581.
This setup has led to the formation of an ascending triangle on the 8-hour chart. Based on previous movement and current structure, the chart suggests the potential for another bullish wave if a breakout occurs.
Triangle Structure Develops as Price Consolidates Near Resistance
SUPER has moved within an ascending triangle since early May. This pattern is marked by higher lows and horizontal resistance. Price has tested the $0.8397 resistance multiple times without a decisive breakout. Meanwhile, the ascending support trendline has remained intact, reinforcing the structure.
Source: (X)
This pattern often signals continuation of an existing trend. Traders now closely observe whether a breakout above the horizontal resistance will materialize. If confirmed, it may push price toward the next projected level near $1.30, representing an additional gain of approximately 31.71%.
Previous Move Highlights Measured Pattern Behavior
Earlier in April, SUPER broke out from a similar technical formation . That move saw the price increase by 62.90%, gaining $0.4176 in value. This historical performance provides context for the current setup. The new triangle’s measured target, if matched proportionally, aligns with the $1.30 zone. The prior pattern had similar height and consolidation period, supporting current expectations. However, price action must confirm this move through sustained breakout volume and closing candles above resistance.
Source: (X)
Volume, Resistance, and Market Context Drive Near-Term Expectations
Market participants are closely watching the interaction near $0.8397. Volume levels remain a key factor in confirming a true breakout. Without a clear push above this zone, the ascending triangle could invalidate. The current 24-hour range indicates tight trading behavior between support at $0.7581 and resistance at $0.8397.
This narrow band heightens anticipation of a larger move. Any breakout will need confirmation to avoid false signals. As of now, the chart remains structurally sound, with buyers maintaining higher lows in each recent cycle.
